BajaRon
Well-known member
The EU was, and is, a bad idea. Based on the failed premise 'From each according to his ability, to each according to his need', The EU has simply been a money transfer mechanism. Well run countries (like the UK) have been subsidizing bankrupt countries. This brings everyone to the same level. Unfortunately, (and quite predictably) this is at the bottom of the pool. You're about to see how 'Great' the EU has been when other, reasonably solvent countries like Germany, Switzerland, etc., also vote to leave.
The EU is simply Chicago on a larger scale. Where the productive are set upon at higher and higher tax rates to support the ever growing welfare community. In Chicago the productive finally decided to take their productivity elsewhere, and Chicago collapsed. This same thing is beginning to happen to the EU. Now that the UK has had the courage to point out the obvious failures of the EU. And prove that is is possible not only to leave, but prosper in the exit. It will not be surprising if other productive nations decide to leave as well.
I am in the stock market and I am not worried at all. I'm actually encouraged! The big loss was due to the huge bets placed on the UK staying in the EU. Those betters were wrong and they lost a lot of money. You'll join them in these losses if you sell.
It's like dropping a large flotation device from a high altitude. When it first hits the water it sinks quite a ways. But the further it goes down, the more momentum it will have when it comes back up. There is still a lot of money looking for a home out there. It probably isn't going to go in the the Euro. Especially with rumors that at least 4 other EU countries may call for their own referendum on this subject.
Relax and enjoy the ride! Roller-Coasters can be a great deal of fun if you approach them with the right frame of mind. :thumbup:
The EU is simply Chicago on a larger scale. Where the productive are set upon at higher and higher tax rates to support the ever growing welfare community. In Chicago the productive finally decided to take their productivity elsewhere, and Chicago collapsed. This same thing is beginning to happen to the EU. Now that the UK has had the courage to point out the obvious failures of the EU. And prove that is is possible not only to leave, but prosper in the exit. It will not be surprising if other productive nations decide to leave as well.
I am in the stock market and I am not worried at all. I'm actually encouraged! The big loss was due to the huge bets placed on the UK staying in the EU. Those betters were wrong and they lost a lot of money. You'll join them in these losses if you sell.
It's like dropping a large flotation device from a high altitude. When it first hits the water it sinks quite a ways. But the further it goes down, the more momentum it will have when it comes back up. There is still a lot of money looking for a home out there. It probably isn't going to go in the the Euro. Especially with rumors that at least 4 other EU countries may call for their own referendum on this subject.
Relax and enjoy the ride! Roller-Coasters can be a great deal of fun if you approach them with the right frame of mind. :thumbup:
